QUALIFIED CHARITABLE DISTRIBUTIONS 

Qualified Charitable Distributions (QCDs), also known as IRA Charitable Rollovers, are the savviest way for individuals age 70½ or older to use their IRAs to maximize their charitable impact. Donors 72 and older must take a Required Minimum Distribution (RMD)*. A charitable gift from your IRA is a smart way to skip the taxes associated with RMDs and make a big difference in the work we do on a daily basis.

A BRIEF GUIDE TO QCDs

What are QCDs?

QCDs are distributions from your Individual Retirement Account (IRA) made directly
to a qualified nonprofit organization without having the distribution counted as taxable income. 
QCDs are also sometimes referred to as IRA
Charitable Rollovers.

Up to $100,000 in IRA funds can be counted as QCDs annually, or $200,000 for married couples.

Who is Eligible?

If you are 70½ years of age or older and have a Traditional IRA, you are eligible to make
a QCD.

 

*What is an RMD?


Read more about
RMDs on the IRS website

What are the Benefits?

QCDs can:

  • Reduce your income taxes

  • Satisfy your RMD

  • Maximize your charitable impact

 

 

For More Information

on tax benefits and eligibility, please speak with your tax advisor for additional details.

This page is meant to be informational only. For specific tax advice, please speak with your tax advisor.